The Best Student Health Insurance Discounts You Should Take Advantage Of

Going to college can be incredibly expensive. In fact, most students in 2015 are graduating from college with a burdensome debt of $29,000+. For those who choose to pursue doctorate degrees, it’s not uncommon to graduate with $100,000+ in student loan debt. Fortunately, there are a few tips college students can follow to save as much as money as possible to put toward their student loans. It’s important to remember that the quicker the loans are paid off, the less the amount of interest that will have to be paid in the long run. Here’s a look at three ways students can save money on their health insurance.

Stay on a family plan

A family health insurance plan usually allows children to stay on their parents’ policies until they are 26 if they are in college. Most policies don’t care whether or not you are enrolled full- or part-time just as long as you are actively working toward a degree. By staying on your parent’s plan, you can save thousands of dollars in insurance premiums over the course of your  college endeavors. 

Buy a plan through your school

Did you know that your college more than likely offers its students health insurance. Since these plans offered at a group rate, you’ll enjoy a nice discount on your premiums. 

Purchase an individual plan

Keep in mind that the ACA mandates that you have insurance, so if you don’t stay on your family’s plan or buy a plan through your school, you will need to purchase an individual plan through your own service provider. Make sure you mention that you are a college student because this will likely qualify you for a 10 to 20% discount.

To learn more about staying in compliance with the ACA as a college student, visit the XL Brokerage Inc. website today. 

Selden, NY: Myths about Life Insurance

If you’re considering whether or not it is wise to invest in life insurance, the best move to make is to speak with a qualified agent. By having your individual needs assessed, it becomes possible to pinpoint whether or not life insurance will be of benefit to you. Basically, if you have one or more people who depend on you for support, then life insurance should be invested in. When you make your investment in life insurance, make sure you don’t fall for these common myths. If you do, you might be wasting money on your premiums, or you might be missing out on the benefits you didn’t know were available to you. 

Life insurance is always expensive

Life insurance can be extremely expensive, especially if you wait until you are older to invest. Fortunately, though, the younger you are, the cheaper your rates will likely be. Don’t be fooled into thinking that life insurance is always expensive, because when invested in properly, you can actually find a policy that is extremely affordable. 

Having a disability disqualifies a person from life insurance

If you have a disability, there’s no reason that you can’t invest in life insurance. In fact, providers are well-versed in insuring disabled people, meaning you can rest assured that no matter your disability, coverage is still available. Your disability may or may not cause your rates to be more expensive, but you can take comfort in knowing a qualified agent will secure the best rates possible. 

If you have questions about investing in life insurance, it is extremely important to ask for answers from an agent serving the Selden area from XL Brokerage Inc.